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The influence of audit committee characteristics on modified audit opinion in Jordan

The Jordanian Corporate Governance Code (JCGC) was first enacted in 2004 and revised in 2017. It offers standards for ethical and decent practices in the corporates. Law in Jordan in 2009 has enforced the formation of an audit committee for all listed companies. Literature has substantiated that the...

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Main Authors: Zaid Alkilani, Saleh, Wan Hussin, Wan Nordin, Salim, Basariah
Format: Article
Language:English
Published: Science Publishing Group 2019
Subjects:
HF5601 Accounting
Online Access:http://repo.uum.edu.my/27322/1/JFA%207%203%202019%2095%20106.pdf
http://repo.uum.edu.my/27322/
http://doi.org/10.11648/j.jfa.20190703.14
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spelling my.uum.repo.273222020-08-13T02:02:08Z http://repo.uum.edu.my/27322/ The influence of audit committee characteristics on modified audit opinion in Jordan Zaid Alkilani, Saleh Wan Hussin, Wan Nordin Salim, Basariah HF5601 Accounting The Jordanian Corporate Governance Code (JCGC) was first enacted in 2004 and revised in 2017. It offers standards for ethical and decent practices in the corporates. Law in Jordan in 2009 has enforced the formation of an audit committee for all listed companies. Literature has substantiated that the audit committee characteristic (ACCs) impact the quality of financial reporting. This work investigates the role of ACCs in lessening the prospect of corporates in obtaining modified audit opinion in the context of Jordan. Four ACC problems (expertise, independent, meeting, and size) have been studied and the modified audit opinion. The total sample of 117 listed companies on the Amman Stock Exchange (ASE) was studied. The relationship between the modified audit opinions (dependent variable), and ACCs (expertise, independent, meeting, and size; as independent variables) was analyzed using logistic regression. The ACCs is projected to effectively improve the quality of financial reporting, and thus, decrease the prospect of corporate in obtaining modified audit opinion. The findings according to the listed companies from 2012 to 2017 in Jordan showed that audit committee (AC) expertise validates this likelihood. Lastly, there is no effect of AC independent, size, and the number of meetings held on the modified audit opinion. General, the findings have policy implications on enhancing corporate governance (CG) efficacy concerning the quality of financial reporting. Science Publishing Group 2019 Article PeerReviewed application/pdf en http://repo.uum.edu.my/27322/1/JFA%207%203%202019%2095%20106.pdf Zaid Alkilani, Saleh and Wan Hussin, Wan Nordin and Salim, Basariah (2019) The influence of audit committee characteristics on modified audit opinion in Jordan. Journal of Finance and Accounting, 7 (3). pp. 95-106. ISSN 2330-7331 http://doi.org/10.11648/j.jfa.20190703.14 doi:10.11648/j.jfa.20190703.14
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HF5601 Accounting
spellingShingle HF5601 Accounting
Zaid Alkilani, Saleh
Wan Hussin, Wan Nordin
Salim, Basariah
The influence of audit committee characteristics on modified audit opinion in Jordan
description The Jordanian Corporate Governance Code (JCGC) was first enacted in 2004 and revised in 2017. It offers standards for ethical and decent practices in the corporates. Law in Jordan in 2009 has enforced the formation of an audit committee for all listed companies. Literature has substantiated that the audit committee characteristic (ACCs) impact the quality of financial reporting. This work investigates the role of ACCs in lessening the prospect of corporates in obtaining modified audit opinion in the context of Jordan. Four ACC problems (expertise, independent, meeting, and size) have been studied and the modified audit opinion. The total sample of 117 listed companies on the Amman Stock Exchange (ASE) was studied. The relationship between the modified audit opinions (dependent variable), and ACCs (expertise, independent, meeting, and size; as independent variables) was analyzed using logistic regression. The ACCs is projected to effectively improve the quality of financial reporting, and thus, decrease the prospect of corporate in obtaining modified audit opinion. The findings according to the listed companies from 2012 to 2017 in Jordan showed that audit committee (AC) expertise validates this likelihood. Lastly, there is no effect of AC independent, size, and the number of meetings held on the modified audit opinion. General, the findings have policy implications on enhancing corporate governance (CG) efficacy concerning the quality of financial reporting.
format Article
author Zaid Alkilani, Saleh
Wan Hussin, Wan Nordin
Salim, Basariah
author_facet Zaid Alkilani, Saleh
Wan Hussin, Wan Nordin
Salim, Basariah
author_sort Zaid Alkilani, Saleh
title The influence of audit committee characteristics on modified audit opinion in Jordan
title_short The influence of audit committee characteristics on modified audit opinion in Jordan
title_full The influence of audit committee characteristics on modified audit opinion in Jordan
title_fullStr The influence of audit committee characteristics on modified audit opinion in Jordan
title_full_unstemmed The influence of audit committee characteristics on modified audit opinion in Jordan
title_sort influence of audit committee characteristics on modified audit opinion in jordan
publisher Science Publishing Group
publishDate 2019
url http://repo.uum.edu.my/27322/1/JFA%207%203%202019%2095%20106.pdf
http://repo.uum.edu.my/27322/
http://doi.org/10.11648/j.jfa.20190703.14
_version_ 1675329766450790400
score 13.211869

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